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Pennsylvania is a state located in the Northeastern, Great Lakes, Appalachian, and Mid-Atlantic regions of the United States. It is bordered by Delaware to the southeast, Maryland to the south, West Virginia to the southwest, Ohio to the west, Lake Erie and the Canadian province of Ontario to the northwest, New York to the north, and New Jersey to the east. The capital of Pennsylvania is Harrisburg.
Pennsylvania has a total area of 46,055 square miles (119,283 km2).
The United States Census Bureau estimates the population of Pennsylvania was12.8 million (2019).
9.85% of Pennsylvania's population age 5 and older spoke a mother language other than English, including Spanish (4.09%), German (0.87%) and Chinese (0.47%).
The Government of the Commonwealth of Pennsylvania is the governmental structure of the Commonwealth of Pennsylvania as established by the Pennsylvania Constitution. It is composed of three branches: executive, legislative and judicial.
In 2019, the real GDP of Pennsylvania was about 728.02 billion USD. Gross state product (GSP) of Pennsylvania was $803 billion, ranking 6th in the nation.
Pennsylvania has long been considered a predominantly agricultural state, but it has grown into an industrially diverse economy, with business and growth opportunities available in different industries. Some of the state’s major industries are broadcasting and telecommunications, administrative and support services, health care services and construction. Other primary sectors include chemical manufacturing, coal mining and food products.
United States Dollar (USD)
The corporate laws of Pennsylvania are user-friendly and often adopted by other states as a standard for testing corporate laws. As a result, the corporate laws of Pennsylvania are familiar to many lawyers both in the US and internationally. Pennsylvania has a common law system.
One IBC supply incorporation in Pennsylvania service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.
The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.
The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";
Company Information privacy:
No public register of company officers.
Just 4 simple steps are given to start a business in Pennsylvania:
* These documents required to incorporate a company in Pennsylvania:
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How to start a business in Pennsylvania
There is no minimum or a maximum number of authorized shares since Pennsylvania incorporation fees are not based on the share structure.
Only one director required
Minimum number of shareholders is one
Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.
Financial statement
Pennsylvania law requires that every business have Registered Agent in the State of Pennsylvania who may be either an individual resident or business that is authorised to do business in the State of Pennsylvania
Pennsylvania, as the state-level jurisdiction within the US, has no tax treaties with non-US jurisdictions or double tax treaties with other states in the US. Rather, in the case of individual taxpayers, double taxation is minimised by providing credits against Pennsylvania taxation for taxes paid in other states.
In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business.
Fees run around $250. These are usually payable in person with a credit card or cash. Remember that Pennsylvania business licenses must be renewed annually.
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Payment, Company return due date:
Pennsylvania Filing Due Date: Corporate tax reports are due by April 15 — or within 30 days of the deadline for Federal corporation returns (for fiscal year filers).
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